Techniques for automated price indications

Abstract

Various embodiments are generally directed to techniques for automated price indication on a trading platform. Techniques described herein may provide an automated price indication method and system that provides a graphical user interface with one or more user interface items representing an indication of price at various liquidity levels based upon a received size of an order. A communication module of a trading platform may periodically receive price information. A price module may automatically determine a top of book (TOB) price for a particular asset based upon the received price information. A processor may configure the display of the determined TOB price in a graphical user interface (GUI) of the trading platform. Order information may be received by the processor with respect to the particular asset. The price module may automatically determine a first near-TOB price and a second near-TOB price based upon the received order information and the periodically received pricing information. The processor may automatically configure the display of a first indication of the first near-TOB price in the GUI of the trading platform. The processor may configure the display of a second indication of the second near-TOB price in the GUI of the trading platform. The processor may receive an order indicating a trade at either the first near-TOB price or the second near-TOB price.

1 . A computer-implemented method, comprising:
 periodically receiving price information by a communication module of a trading platform;   automatically, by a price module, determining a top of book (TOB) price for a particular asset based upon the received price information;   configuring, by a processor, the display of the determined TOB price in a graphical user interface (GUI) of the trading platform;   receiving, by the processor, order information with respect to the particular asset;   automatically, by the price module, determining a first near-TOB price and a second near-TOB price based upon the received order information and the periodically received pricing information;   automatically, by the processor, configuring the display of a first indication of the first near-TOB price in the GUI of the trading platform;   automatically, by the processor, configuring the display of a second indication of the second near-TOB price in the GUI of the trading platform;   receiving, by the processor, an order indicating a trade at either the first near-TOB price or the second near-TOB price.   
     
     
         2 . The computer-implemented method of  claim 1 , wherein the received order information includes an amount of the particular asset to be traded. 
     
     
         3 . The computer-implemented method of  claim 2 , wherein the first indication of the first near-TOB price identifies a price at which 100% of the amount is available to fill an order at the first near-TOB price. 
     
     
         4 . The computer-implemented method of  claim 2 , wherein the second indication of the second near-TOB price identifies a price at which more than 100% of the amount is available to fill an order at the second near-TOB price. 
     
     
         5 . The computer-implemented method of  claim 4 , wherein the second indication of the second near-TOB price takes into account at least price information including firm liquidity and last-look liquidity to generate a model of expected fill amount. 
     
     
         6 . The computer-implemented method of  claim 1 , wherein the particular asset is a unit of foreign exchange. 
     
     
         7 . A system, comprising:
 a processor;   a non-transitory computer-readable storage medium including instructions directing the processor to:   periodically receive price information;   automatically determine a top of book (TOB) price for a particular asset based upon the received price information;   configure the display of the determined TOB price in a graphical user interface (GUI);   receive order information with respect to the particular asset;   automatically determine a first near-TOB price and a second near-TOB price based upon the received order information and the periodically received pricing information;   automatically configure the display of a first indication of the first near-TOB price in the GUI;   automatically configure the display of a second indication of the second near-TOB price in the GUI;   receiving an order indicating a trade at either the first near-TOB price or the second near-TOB price.   
     
     
         8 . The system of  claim 7 , wherein the received order information includes an amount of the particular asset to be traded. 
     
     
         9 . The system of  claim 8 , wherein the first indication of the first near-TOB price identifies a price at which 100% of the amount is available to fill an order at the first near-TOB price. 
     
     
         10 . The system of  claim 8 , wherein the second indication of the second near-TOB price identifies a price at which more than 100% of the amount is available to fill an order at the second near-TOB price. 
     
     
         11 . The system of  claim 10 , wherein the second indication of the second near-TOB price takes into account at least price information including firm liquidity and last-look liquidity to generate a model of expected fill amount. 
     
     
         12 . The system of  claim 7 , wherein the particular asset is a unit of foreign exchange. 
     
     
         13 . An article including a computer-readable storage medium including instructions, that, when executed by a processor, cause the processor to:
 periodically receive price information;   automatically determine a top of book (TOB) price for a particular asset based upon the received price information;   configure the display of the determined TOB price in a graphical user interface (GUI);   receive order information with respect to the particular asset;   automatically determine a first near-TOB price and a second near-TOB price based upon the received order information and the periodically received pricing information;   automatically configure the display of a first indication of the first near-TOB price in the GUI;   automatically, by the processor, configuring the display of a second indication of the second near-TOB price in the GUI of the trading platform;   receiving, by the processor, an order indicating a trade at either the first near-TOB price or the second near-TOB price.   
     
     
         14 . The article of  claim 1 , wherein the received order information includes an amount of the particular asset to be traded. 
     
     
         15 . The article of  claim 14 , wherein the first indication of the first near-TOB price identifies a price at which 100% of the amount is available to fill an order at the first near-TOB price. 
     
     
         16 . The article of  claim 14 , wherein the second indication of the second near-TOB price identifies a price at which more than 100% of the amount is available to fill an order at the second near-TOB price. 
     
     
         17 . The article of  claim 16 , wherein the second indication of the second near-TOB price takes into account at least price information including firm liquidity and last-look liquidity to generate a model of expected fill amount. 
     
     
         18 . The article of  claim 13 , wherein the particular asset is a unit of foreign exchange. 
     
     
         19 . An apparatus, comprising:
 a processor;   a display device configured by the processor to generate a graphical user interface including:
 a top of book (TOB) price for a particular asset automatically determined based upon periodic price information; 
 a first near-TOB price and a second near-TOB price automatically determined based upon received order information and the periodic price information; 
 a first indication of the first near-TOB price; and 
 a second indication of the second near-TOB price. 
   
     
     
         20 . The apparatus of  claim 19 , wherein the received order information includes an amount of the particular asset to be traded. 
     
     
         21 . The apparatus of  claim 20 , wherein the first indication of the first near-TOB price identifies a price at which 100% of the amount is available to fill an order at the first near-TOB price. 
     
     
         22 . The apparatus of  claim 20 , wherein the second indication of the second near-TOB price identifies a price at which more than 100% of the amount is available to fill an order at the second near-TOB price. 
     
     
         23 . The apparatus of  claim 22 , wherein the second indication of the second near-TOB price takes into account at least price information including firm liquidity and last-look liquidity to generate a model of expected fill amount. 
     
     
         24 . The apparatus of  claim 19 , wherein the particular asset is a unit of foreign exchange.